Uber sees biggest-ever quarterly loss: $5bn in three months

Second earnings report shows worse-than-predicted losses and revenue growth

Uber lost $5.24bn in the last three months, its largest-ever quarterly loss, news that sent the ride-hailing company’s shares sliding 10%.

The company was reporting earnings for only the second time following its share sale in May. The latest losses were worse than analysts had expected and the company announced revenues that were also below predictions.

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From our friends over at the : Business | The Guardian

 

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